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NBC
Dec 29, 2012 6:00am EST
cliff. senate law makes smakers say th planning to work through the weekend to come to an agreement. all sides say they're getting closer to a deal. they're trying to avoid a tax hike on all americans as well as deep spending cuts, but the president said the american people are growing tired of what seems to be never ending gridlock and partisan bickering. >> the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. the economy is growing, but sustaining that trend is going to require elected officials to do their jobs. >> right now the plan is to come to an agreement then send it to the senate for a vote. house would then take a vote, which could take place as late as january 2nd. the president will sit down for an exclusive one on one interview with "meet the press" moderator david gregory. they will discuss the fiscal cliff and other key issues. you can see it here tomorrow at 10:30. >>> we're a little more than 36 hours away from the biggest game of the season for the redskins. the burgundy and gold face off against t
FOX
Dec 29, 2012 7:00am PST
on the fiscal cliff. senate leaders are working on a last ditch agreement. they hope to vote as soon as tomorrow. both houses will reconvene tomorrow. some republicans suggest racing taxes for those earning at least a million, the president and democrats want increases on making more than $250,000 a year. >> we can't afford a politiclyself inflicted wound to the economy. the economy is growing but keeping that way means the folks you sent to washington have to do their jobs. >> the president said congress must meet the new year's deadline and pass a balanced plan. >> the president's proposal to raise taxes on the top 2% won't even pay one third of the interest that's owed on this 16 trillon dollar debt. >> ouri senator gave the gop address saying the president's tax hike would only fund the government for eight days. >> here is what could happen if no deal is reached. out of work americans will loose their extended benefits, california would be hit the hardest, 400,000 will loose benefits and the bay area will certainly feel the sting, more than 22,000 people in alameda and contra costa coul
CNN
Dec 28, 2012 4:00pm PST
and calls on the senate to act on the fiscal cliff. but with four days to go, will his push make a difference? >>> plus, politicians promised that the newtown shooting would change our national debate on guns. are those just empty promises? >>> we count down the top five political rivalries. who won, who lost, what it means for 2013. let's go "outfront." >>> breaking news. the president makes an 11th hour announcement tonight putting the pressure squarely on the senate so broker a deal on the fiscal cliff. >> senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote, one that protects the middle class from an income tax hike, extends the vital life line of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. >> and just moments ago, senator harry reid says he's readying a bill for a vot
CNN
Dec 28, 2012 8:00pm PST
on the senate to broker a deal for the fiscal cliff. >> senator reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote, one that protects the middle class from an income tax hike, extends unemployment to the 2 million americans looking for a job and lays groundwork for more economic growth and deficit reduction. >> just moments ago, senator harry reid says he's readying a bill for a vote by monday. all this follows a rare face-to-face closed door meeting at the white house today between all the key players, the president, the vice president, the treasury secretary and all four congressional leaders huddled together with just four days to go before we all go overs fiscal cliff. that meeting lasted for an hour and five minutes. on a story where every second and every maneuver counts, let's get chief to white house correspondent jessica yellin. jessica, the president says he's modestly optimist be
CNN
Dec 26, 2012 6:00am PST
to reach a fiscal cliff deal. the senate and house are expected to reconvene tomorrow. we're six days away from possible across the board tax increases and spending cuts. >>> former president george h.w. bush is still in a houston hospital. his wife, barbara, and other relatives at his side. the 88-year-old has been in the hospital for more than a month with a lingering cough and recently had a low grade fever. doctors remain cautiously optimistic about a full recovery. >>> a claim of facebook privacy breach within the zuckerberg family. his sister says a family photo was reposted by another person on twitter. randy zuckerberg called the woman out. the woman apologized said it was public because it was in her facebook newsfeed. >>> in china the longest high speed railway opens, connects beijing with guangzhou, 1,500 in eight hours, but tickets start at $138, and they're a little pricey for some people and many travelers say it's cheaper and faster to fly. >>> a report just out this morning shows home prices up in october, the biggest annual gain in more than two years. alison kosik joins u
KRON
Dec 27, 2012 7:00am PST
. this is the fastest and best chance to avoid the fiscal cliff. the senate bill has already been passed by the house of representatives not boating on it as speaker bay there is having a tough time running boats on any type of tax increase. >> >> welcome back. for national retailers are recalling more than 150,000 "nap nanny " baby recliners. the recall covers the recliners generation 1 and 2 and the chilled model instant recliner sold between 2009 and 2012. if the recall comes after release five infants had died and dozens more have almost fallen out of the recliners. the consumer- products safety commission and warns that the nap nanny is dangerous defects in its decision and its design, instructing and warnings. the cpsc says that for retailers are voluntarily participated in the recall. >> toyota has settled the car owners over unintended acceleration in 2009 and 2010. the automaker has agreed to pay more than a billion dollars to install new safety features and compensate owners. trotter's us to toyota because the floor mats were getting stuck, causing their bills to accelerate. under the agree
MSNBC
Dec 27, 2012 6:00am PST
is back to work trying to harsh out a deal to avoid the fiscal cliff. the senate will get back from the session after holiday break. the president is expected to arrive back to the white house without his family to get back to twork mework to meet the loo deadline. mike is at the white house. let's start with you. the consensus around the hill is that we are more likely than not to go over the fiscal cliff, but there is a small chance harry reid could take a house pass bill and amend it and send it back over to the house. what are you hear being that? >> conceivably, but when the president lights upon the south lawn and the marine one later this morning, it's unclear why he is coming back and who will be here with him. as you mentioned, speaker boehner remains in ohio where he is from. he is not coming back to washington. neither is the house of representatives. they simply said it's up to harry reid in the senate. is he preparing a bill? there was a lot of talk of small ball. a bill to allow taxes to go up on everybody or at least couples that make more than $250,000 a year. $200,0
NBC
Dec 29, 2012 6:00pm EST
can avoid the fiscal cliff if the president and the democrat-controlled senate step forward and work with republicans to solve this problem and solve it now. >> reporter: all over the country right now, uncertainty is in the air. >> it's not a matter of am i going to pay my light bill but is it going to deplete my savings. >> even if the impact isn't real, the perceived impact could cause a dropoff in sales. >> reporter: gets a deal is up to the top democrat and top republican. >> we are engaged in discussions, the majority leader and myself and the white house in the hopes we can come forward as early as sunday and have a recommendation. >> whatever we come up with will be imperfect. that's where we are. >> reporter: harry reid and mitch mcconnell say they are confident they can find a compromise but they have to sell it to house speaker john boehner and his fellow republicans before monday night's deadline. brian mooar, nbc washington. >> and david gregory will have an interview with president obama on "meet the press." that's tomorrow morning at 10:30 right here on nbc 4. >>> you
CNN
Dec 29, 2012 11:00am PST
on capitol hill, senators are hard at work trying to avoid taking the country off ha fiscal cliff. senate minority leader mitch mcconnell arrived earlier today at the capital for talks. yesterday he and other leaders met the white house with the president and vice president aiming to avoid tax hikes and may vote on a deal as early as sunday. >>> police now have a woman in custody in connection with the death of a man pushed in front of a new york city subway train on thursday. detectives arrested a woman who they said said things that implicated hadder in the death sun and doe sen. this is the sketch of that suspect. >>> in india, the young woman gang raped on a new delhi bus is dead. doctors say she died peacefully at the hospital where she was being treated. employees plan to add murder charges against the six suspects already in custody and arrested on rape. the charges will be filed next thursday. angry protesters have been demanding justice and more protection for women and police expect more demonstrations in the days to come. >>> a large crowd cheers the first couple to get married
CNN
Dec 27, 2012 11:00pm PST
. senate majority leader harry reid says we're all headed for fiscal disaster. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left before the first of the year, aren't here. >> we're now told the house will finally return to work on sunday. now, that's december 30th. in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports from both ends of pennsylvania avenue. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just a bit of showmanship, or has he been working on something specific? >> reporter: hey, john. well, today has been a bit of a quiet day here at the white house. publicly, the president has been scarce, no sign of him. behind closed doors, i'm told a
CNN
Dec 30, 2012 11:30am PST
to work out a deal to avoid a fiscal cliff. just watching and keeping an eye on things so we'll bring you the latest developments as they happen. when they do, we'll bring them to you. >>> deal or no deal -- that is the $64,000 question. and this is not a game show. we're talking about of course, the high-stakes politics in washington that will impact every american family. the fiscal cliff is here. and we all go over it in two days. unless the president and congress are able to come up with some kind of budget deal. so let's bring in brian monroe. the editor of cnn politics.com and he's joining us from san antonio, texas. brian, no one wants their taxes to go up. we know come tuesday, everyone who gets a paycheck will get less money in it unless a deal is reached. i know you've been talking to people and getting the pulse of the country, what are they saying to you? >> you know, martin, you're right, gallup did a recent poll taking a look at this. let's take a look. the recent poll shows that 68% of americans are saying lawmakers are should compromise in order to reach this fiscal cliff
FOX
Dec 23, 2012 5:30pm PST
strike. >>> a key senator weighs in on the fiscal cliff and why he is confident a deal will be made before the year ends. . >>> thousands of registered nurses plan to walk out of bay area sutter health hospitals on christmas eve of the one-day strike is part of an ongoing battle between the california nurses association over health benefits and sick days. you are looking at video of their last picket about a month ago. all of hospitals plan to have fill-in nurses. >> a key senator express optimism that congress will avoid the fiscal cliff before the year ends. >> speaker boehner was $200 billion higher on spending cuts and out of a $4 trillion budget that doesn't seen insurmountable so i hope they keep talking. >> congress is expected to be back in session thursday and without a deal, tax hikes and deep spending cuts will be triggered on january 1st. >>> coming up tonight on the 10:00 news from flooded roadways to sinkholes. >>> our stormwatch coverage continue as a powerful storm leaves behind a mess in the bay area. >> thank you for trusting ktvu channel 2 news. >> we'll see
MSNBC
Dec 29, 2012 1:00pm PST
to protect students. and the race to fill john kerry's senate seat. first, fiscal cliff talks. countdown clock tot screen. the senate is shouldering most of the weight of that deadline. senate leaders working behind closed doors to come up with a cliff compromise, something that the house and the president has failed to do so is far. the president has tasked senator majority leader harry reed. >> i have asked senator reed to do it, put a by on the floor to make sure that taxes on middle class families do not go up. and unemployment insurance is still available for two million people and lays the groundwork for economic growth and deficit reduction. >> everything that has been happening in the last several hours has been happening behind the scenes. we have correspondents tracking everything for you. we have luke, luke, i will start with you this hour. the senate officially reconvenes tomorrow afternoon. i assume that there's a lot of closed door talks going on right now. is that true? what can you tell us? >> reporter: that is true, staff from harry reed and mitch mcconnell have been neg
NBC
Dec 30, 2012 6:00pm EST
are not running out of ideas, they are running out of time. the prospects of a fiscal cliff plunge look closer than ever today when senate talks ground to a standstill. >> i am willing to get this done. i needed dance partner. >> republicans demanded social security cuts. democrats called that a deal killer. the gop to get off the table. the deadline is monday at midnight. if no deal, taxes go up on nine out of 10 americans. potentially catastrophic spending cuts start kicking in. lawmakers spent much of the day behind closed doors plotting strategy. president obama blamed the impasse on republicans. >> the way they are behaving is there on the priority is making sure the tax breaks for the wealthiest americans are protected. >> on sunday, the president talked about his plan b. he wants the senate to vote on extending tax cuts to everyone but the rich. >> if the republicans baca, middle-class taxes will go a. >> a political showdown with only one certainty, tomorrow night's deadline. the president has a plan c, reversing the effects of the cliff on january 4 when the new congress is in town. >
ABC
Dec 30, 2012 11:00pm EST
tonight to avoid the so- called fiscal cliff. what is the latest? no deal tonight in the u.s. senate. continuing, are though, between the vice president and mitch mcconnell. in a rare sunday night session -- i think the enormity of the issue is very clear. >> u.s. senators gathered to solve a self-imposed crisis. their plan to carve out a compromise dissolved. >> there is no simple issue that impossible sticking point. we are willing to make difficult concessions. >> come january 1, tax hikes and budget cuts go into effect. >> regardless of differences, top priority has to be to e that taxes on middle- families do not go up. >> the plan before the senate tax -- would eight prevent a tax increase. clear differences remain. seene odds are we have not the leadership on either side of e to solve this problem. is a contraction economy. loss of jobs which could be well in addition to the people already on unemployment. >> the senate reconvenes 11:00 on monday. the president's heerview earlier today, the issue of guns. the president said the day of newtown shooting was the t of his presiden
FOX
Dec 26, 2012 5:00pm PST
tossed the fiscal cliff problem to the senate today. saying once the senate has a plan congress can go forward. john fowler investigated some of the latest moves and joins us live with what could happen a week from today. john? >> reporter: do mog, we get deep spending cuts and across- the-board tax hikes. con shull staffers told me -- congressional staffers told me today, expect a bumpy ride of the halls of power empty, although negotiateders and the president are back at work. >> at the very least let's agree right now on what we already agree on. >> reporter: an olive branch to the gop and carrot to corporate giants, including the bay area's google and apple. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loop holes that helped google, for instance, avoid $2 billion in taxes last year. >> corporations are concerned because they're not sure the extent to which exemptions would be eliminated. >> reporter: wells capital management senior economist gary slosberg is optimistic about a deal. >> i see it at least 50-50.
KRON
Dec 27, 2012 5:00pm PST
with the fiscal cliff. g-o-p senators say they will meet with president barack obama tomorrow. this as members of the u-s house are set to return to washington on sunday -- just one day before the deadline to pass budget deal. if congress does not reach a fiscal deal before monday's deadline, automatic tax increases and steep spending cuts will take effect. an in depth look at where everything stands right now -- and we'll be talking live with our political analyst -- tonight at 5:30 >> breaking news. retired general norman schwarzkopf has died in tampa, florida. known as 'stormin norman' because of his explosive temper, he commanded the u.s.-led international coalition that drove saddam hussein's forces out of kuwait in 19-91. he lived in retirement in tampa, where he had served in his last military assignment as commander-in- chief of u-s central command. that is the headquarters responsible for u.s. military and security concerns in nearly 20 countries. he was 78. no one was hurt. storm on the way. >> borrowers, that took out a loan. could possibly have found some issues. dan kerman turks o
CNN
Dec 26, 2012 2:00am PST
america from going over the fiscal cliff. as the house and senate reconvene tomorrow. the clock is ticking. six days until the deadline. the way things work in washington, can they actually get something done before the end of the year? brianna keilar, what is the latest on this? >> hi, there, drew. president obama will be heading home from hawaii tonight, logical time arri arriving in d.c. thursday morning when the senate will be reconvenin reconvening, and the senate, all eyes on now, that we look for the last-ditch effort to avoid the fiscal cliff. even though the president is returning on thursday, we may not see the senate roll out its bill to deal with the fiscal cliff. perhaps for a couple of days. this is entirely possible we've learned from sources as senate majority leader harry reid works to get republican support in the senate, which he will need if he's going to pass a bill. and so we're still waiting to see exactly what it will look like that the white house wants for the threshold on income tax rates to cut off at $250,000. we will see if that ultimately is what senate major
NBC
Dec 27, 2012 4:30am EST
the fiscal cliff. now all eyes will be on the senate after house republicans said it's up to them to reach the deal. nbc's danielle leigh is on capitol hill. what's the latest? >> it's another day and another standoff. john boehner may not even bring the house back to town until the senate comes up with a possible plan. >> reporter: obama leaves his tropical retreat in hawaii for a wintry washington, tension on capitol hill is on high. >> i don't so how you could hammer out any kind of a grand bargain or large plan involving tax reform and entitlement changes in a matter of days. >> reporter: serious doubt is setting in. even starbucks is getting involved, writing "come together" on its cup. speaker john boehner says he's sitting this round out after failing to get enough house republicans to support his own plan just before christmas. >> i think boehner is being controlled unfortunately by the right wing. >> reporter: that leaves it up to majority leader harry reid and the rest of the senate to find a possible solution. aides say reid's plan would avoid tax increases for people making les
CNN
Dec 30, 2012 10:00am PST
, as of now so far as we know there is no fiscal cliff deal, but negotiations primarily betweens those two men are going on even as we speak or between their staffs. we're hearing a new sense of optimism from some senate members who believe they might be able to pass some kind of minimalist package that would keep tax rates from going up on the majority of americans. i want to go to capitol hill and cnn's senior congressional correspondent dana bash. dana, is that the sense you get that somehow we should be optimistic about whatever it is that's going on? >> you know, as we talked about before, you definitely get a feeling or the atmosphere here is that there is progress being made but in the same breath, but, there are still thingsing to worked out. as we wait for what we generally see when the senate opens which is the pledge of allegiance, a prayer and so forth, if you see the bottom of your screen, i'm not sure if you can see it, white hair, that is harry reid, the senate majority leader. it may be we will hear an update from him. maug maybe we should listen to th the. >> prayer. >> let us
FOX News
Dec 24, 2012 3:00am PST
through with a fine tooth comb and pick through. senator sessions said the fiscal cliff is like three days away. we have to read it to sign off on it. >> that's the worst. no, this is not time. let's reform it and go about it with a squaple. meet axe hacks it across the board. either we are going off of the cliff or bad short-term deal that kicks the can down the road. we need to reform quick kick in the can. >> clayton: secretary panetta, set to take over him. white house looking at possible options and name that is bandied about is form are senator chuck hagel. critics slammed him of course and looks like the white house is trying to go in a different direction. others say give him a shake. go back to and see he is a fair-mind guy. >> i think he's the wrong pick at the wrong time. lack of support of israel and unwillingness to call the iran revolutionary guard a terrorist organization and he stepped back from action against iran and he was one of the biggest critics . one telling us that the surge couldn't work. that was always here from chuck hagel. that's not the kind of guy i want lea
CNN
Dec 30, 2012 2:00pm PST
i we have been following developments on the fiscal cliff talks. right now, senate leaders at an impasse over tax hikes and they are running out of time n just two days, those massive tax hikes and spending cuts will kick n so, let's go now to jessica yellin in washington. jessica has been monitoring events at the white house. you first reported to thanks minority leader mitch mcconnell, vice president bind have been in talks and i'm wondering, with no disrespect to the vice president what can he do? what does he bring? >> reporter: hi, martin. well, he bring morse than 350 years of experience on capitol hill and an ability to make deals. and you know, mick mcconnell, the senate minority leader said he was looking for a dance partner. i guess sort of -- you can think when you get bored dancing with one person, you switch over for a little while and try someone else. i have just been told that at this stage, it is senators mcconnell and biden and senator reid who are now again in the talks, sort of collectively so they are all in discussions broadly. and you know, i don't kn
CNN
Dec 26, 2012 4:00am PST
. that is when the house and senate is expected to reconvene. >>> starbucks weighing in with the own fiscal cliff campaign. workers at 120 d.c. area stores are asked to write this on their cup. come together. yeah, he says it's a way to send elected official as a respectful but potent message, urging them to come together to fin common ground. not grounds, ground. >> all of the bickering in washington, all it will take is a cup at starbucks, i think it will push everybody over the edge. get a deal. >>> ahead, a u.s. marine who languished in a mexican prison for months, gets to spend the holidays at home with his family. >>> coming up, we'll talk to one of the lawmaker who's helped win his release. you're watching "starting point." ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! time for citi price rewind. because your daughter really wants tha
CNN
Dec 28, 2012 2:00am PST
time. on hand for today's fiscal cliff face-off, the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. john boehner and senate minority leader mitch mcconnell representing the republicans. brianna keilar live from washington. you say logistically, a deal can happen. politically, open question. >> that's right. logistically, it's still possible. but it appears right now, the prospects for a deal are dimming. the senate is in yesterday, but not doing a whole lot on the fiscal cliff. still awaiting the proposal to come out from senate democrats and what we're seeing is the blame game. kind of in full swing. public posturing, ahead of the fiscal cliff. obviously in case we go over it. listen to senate majority leader harry reid, yesterday. >> republicans aren't about to write a blank check for anything that senate democrats put forward, just because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies and watc
NBC
Dec 30, 2012 5:00am EST
avoid going over the fiscal cliff if the president and democrat controlled senate step forward this week and work with republicans to solve this problem and solve it now. >> all over the country now, uncertainty is in the area. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. >> even if the impact isn't real, the perceived impact could cause us to drop off in sales. >> getting a deal is up to the senate's top democrat and top republican. >> we are engaged in discussions, the majority leader myself and the white house, in hopes we can come forward as early as sunday and have a recommendation. >> whatever we come up with will be imperfect. some people aren't going to like it. >> majority leader harry reid and minority leader mitch mcconnell say they're confident they come to a compromise but they have to sell it to john boehner and fellow republicans before the deadline. >> president obama will be david gregory's exclusive guest on "meet the press" later this morning. you can watch his interview at 10:00 a.m. the nation'sup for gun show in dell
NBC
Dec 30, 2012 6:00am EST
the so-called fiscal cliff in less than 48 hours. both the house and senate will be in session this sunday, and we could see a vote as early as today. nbc's brian moore has the story. >> as senate leaders were behind closed doors mapping out an escape from the fiscal cliff. >> the economy is growing, but keeping it that way means that the folks you sent to washington have to do their jobs. >> if the nation goes over the fiscal cliff, each side says the other is to blame. >> we can still avoid going over the fiscal if the president and the democratic controlled senate with work with republicans to solve the problem and solve it now. >> all over the country right now uncertainty is in the air. >> it's not a matter of am i going to pay my light bill or not but a matter of if it's going to deplete by savings. >> it could cause us to have a drop off in sales. >> we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation. >> whatever we come up with is going to be imperfect. some
CNN
Dec 30, 2012 1:00pm PST
in atlanta. i'm in for fredricka whitfield. good to be with you. >>> fiscal cliff talks, we are at a standstill, 32 hours before we reach the edge of this press cis miss. senate sfleshts taken the time out to speak after the butting heads on two key issue, one involving tax rates, the other social security. ali velshi is in new york, dana bash is live on capitol hill. we will start with you, dana. what has gotten lawmakers now not seeing eye to eye? >> reporter: actually, let me answer that by asking one of the members of the senate republican leadership, senator john thune, who just came out of the senate republican meet egg. senator, can you tell us where do things stand as far as republicans feel? >> well, look, republicans advanced a proposal last night. you heard senator mcconnell talk about that on the floor. we are still awaiting a counteroffer by the democrats. and there was an indication that we could have received that by 10:00 this morning. we have yet to receive it. but there are discussions that continue. senator mcconnell and vice president biden are continuing
CNN
Dec 30, 2012 4:00pm PST
the looming fiscal cliff. >> with the fate of the nation in the balance the senate is going home. that's right. no vote tonight on the senate side. the chamber will reconvene tomorrow at the bright and early hour of 11:00 a.m. eastern. >> oh, my gosh. >> 11:00 a.m. i would have thought they might have gone home for a few hours, had a shower, and come back to work. with just 13 hours until the deadline they will reconvene. the house is waiting on the senate. so nothing is getting done there. if you bet this would come down to the wire, you were right. >> gosh, they have to get up before the crack of noon. i can't believe it. >> i know. >> of course, not everyone on capitol hill will have an early bedtime. republican senate leader mitch mcconnell already working with vice president joe biden on a deal, ali. talks between the two parties could continue late into the night, i guess, but with each minute that passes, our chances of avoiding this fiscal cliff, well, they become slimmer and slimmer and slimmer. >> except they better get something done. if they don't get something done, just about eve
FOX
Dec 28, 2012 9:00am EST
big story this morning, avoiding the fiscal cliff. the president and lawmakers don't have a lot of time. there are only a few days until the deadline. >> president obama is hosting top leaders from the house and senate at the white house for more talks later this afternoon. fox5's sherri ly is live at the white house with the latest. >> reporter: good morning, tony, good morning, sarah. the tone here in washington hasn't changed much since before christmas, and now we have days to go before the deadline and the nation going over this fiscal cliff. the president is hoping that this afternoon's meeting at the white house with congressional democrat and republican leaders will help break the standoff. both sides continue to play the blame game here. senate majority leader reid attacked house leader boehner for blocking a vote while the gop led house isn't due back until sunday, a day before the deadline to avert the tax increases and spending cuts that could send the nation into recession again. the differences between the two sides, democrats want to raise money on everyone earnin
CNN
Dec 24, 2012 9:00am PST
some republicans in the senate and also from the house in order to aavert this fiscal cliff. the white house right now is saying they want the threshold for the income tax rates at a quarter million dollars. that might be difficult to get republican support on that, so we'll see if that changes, suzanne. >> do we expect that the president is going to come back early from his hawaii vacation if anything happens on the senate side? clearly, he could get things done from hawaii as well, but it could be at least symbolically for him to return to washington. >> reporter: definitely. we expect that he will be heading back to washington, d.c. he was supposed to be here through the new year. i will tell you nothing is official on the schedule that he's definitely going back to d.c., but the sense you get from the white house is that it's more an issue of when and not if. if there is a bill that goes through the senate, the president will have to be there in order to perhaps twist some arms and certainly the optics are important. if we go over the fiscal cliff, suzanne, you've covered the white
CNN
Dec 29, 2012 3:00am PST
cliff. negotiations going on this weekend to try and keep from going off the fiscal cliff. the deadline's now just three days away. president obama's modestly optimistic the top democrat and republican in the senate can work things out. jessica yellin has more on what needs to happen in order to make a deal. >> alison, christy, hi. well, the good news is, things could have been worse. it does seem those of us watching the sidelines as though time is running out. congress does some of its best, at least the speediest work when the nation's back is against the wall. >> reporter: after a rare oval office meeting, the president said he's modestly optimistic a deal can come together, emphasis on modestly. >> the american people are watching what we do here. obviously their patience is already thin. this is deja vu all over again. >> reporter: all sides left in agreement, at least over their next step. >> we'll be working hard to try to see if we can get there in the next 24 hours. >> whatever we come up with is going to be imperfect and some people aren't going to like it. some people will l
CNN
Dec 28, 2012 1:00pm PST
the fiscal cliff. right now, the leaders of the house and senate are sitting down with president obama in a search for an 11th hour deal to prevent severe tax hikes and spending cuts from automatically kicking in with the new year. cnn's chief white house correspondent jessica yellin is getting new details. jess can ka, what are you hearing about that meeting? >> reporter: candy, the president is going to explain or reiterate the position he took on friday, that he would like a plan that extends tax rates for people who make $250,000 and below but raises them for those who make more than that. that it extends unemployment benefits for americans. and if the president, i'm told will say if he does not get an agreement to that plan, he will ask the other leaders what they can agree to, what what they would like instead. if they cannot come up with a proposal that will pass the house and the senate, will ask for a vote on his measure. but that meeting, candy, is still going on. congre congressional leaders arrived at the white house for a last-ditch meeting just days before a new year's de
CNN
Dec 27, 2012 4:00am PST
this morning, let me bring you up to date on the fiscal cliff. we're now just five days away from going over the fiscal cliff. happy new year. here's what you might have missed. president obama left hawaii early to get back to washington today. the senate is also coming back from christmas vacation today to work on a deal. now, sources tell us majority leader harry reid will push a scaled-back version of the fiscal cliff package that president obama laid out on friday, which moved the tax hike needle to $400,000. no word yet on when the house of representatives might come back, but democrats say the only hope we have of something getting through the house, the senate and the white house may be a very last-minute deal. cnn radio's lisa is following developments on capitol hill right now. the ball is in senate majority leader harry reid's court it would seem right now, lisa. >> that's right. harry reid and the senate seem to be the only game in town right now with the senate returning today. we also know from sources, ali, that over this christmas break there were no conversations between the
ABC
Dec 26, 2012 6:30am EST
plans to leave hawaii this evening to return to washington d.c. tomorrow to work on the fiscal cliff deal before the year ends. house and senate members are expected to reconvene. without an agreement, automatic tax increases for everyone and deep spending cuts will be triggered by the new year. the main dispute continues to be over taxes. >>> if you want to play the slots at 2:00 in the morning, starting tomorrow you can. maryland live casino is set to kick off its first 24-hour gaming day. once the casino opens at 8:00 in the morning, it will be open around the clock. maryland live is also prepared to immediately begin making the modifications required to add table games to the floor as soon as the regulation office makes it official. >>> a new 1200-seat auditorium is set to open in ocean city in 2014. it's going to be located at the ronald e. powell convention center. construction is set to begin in the fall on the $14 million project. >>> well, some netflix customers not too happy. they wanted to curl up on the couch and watch a movie on christmas eve. they were just out of lu
CNN
Dec 27, 2012 2:00am PST
avert the entire fiscal cliff if enacted. those bills await action by the senate. if the senate will not approve, and send them to the president to be signed into law in their current form, they must be amended and returned to the house. the senate first must act. now, the house leader john boehner says he will give house members 48 hours before he calls them back. that means the earliest they'll be back is on saturday. so are they just passing the buck to the senate? >> i think that's what's happening in both chambers right now. you saw a return statement from senate majority leader harry reid's spokesman yesterday talking about the incompetence of the house. these two sides are pointing fingers at each other. you have a situation now where these guys are completely confident or at least confident enough that their strategies are the right ones for them that they're not moving off the ball at all. and without any sort of movement, that's why you hear so much pessimism. >> i think part of it is they're afraid of spooking the markets, right? no gop senator wants to sign -- wants
FOX
Dec 27, 2012 6:00am PST
also been at the hospital. >>> they are going to have high level talks regarding the fiscal cliff. here is more from washington d.c. >> reporter: senate for harry reid is trying to get republicans on board with the president's latest offer including raising taxes on those making 400,000 a year not 250,000. senator harry reid will pass this plan and does not want to put it to a vote unless he knows it will pass the housement they want to avoid fitting the call. house speaker john boehner held a meeting with fellow gop leaders and said he would give them 48 hours before calling them back from their holiday vacation meaning saturday is the earliest time a fiscal vote could take place on this deal. treasury secretary tim geithner said the united states will hit the debt ceiling on monday unless he takes extraordinary measures. they believe it could force congress to come up with a deal before monday's deadline but some republicans are not as optimistic. live in washington, ktvu channel 2 morning news. >>> they set $2 billion for unit who made her first court appearance. she was drunk when s
FOX
Dec 28, 2012 10:00pm EST
ontrolled senate. fiscal conservatives say a avood the cliff won't work. corker ays: "if we in fact do not use this ppriod of time 33 with the bigger issues of entitleeents, if we just continue to kiik the can down & ttink the market is going to rrspond in a mooe permanent and negativv 3 another bill... 3 news.mike emanuellfox ewss 3 another bill... held up... in... congressional pridlock... could pend... milk prices... to.... seven dollars a gallon...///. 3 holds the key... to eeping mmlk prices... reaaonable...///. the... senate ... passed their versionn.../ bbt... the -3&& ouse... hasn'' started debate... on the mmasure..../ without ... a... deal,.../ a... 60---year old law... will go back into effect,.../ causing... milk prices... to soar. 3 pne man s taking the nattonal debt on one empty can at a time. time. 85 year old garcia the debtt he colleccs soda cans then turnn them in for the deposit. over the past & ttree yyars he's colllcted more than 31 hundred dollars which he's sent to uncle sam
CNN
Dec 28, 2012 6:00am PST
is the tax part of the fiscal cliff. as you know, the senate on a bipartisan basis has already passed a bill. so that has to be the foundation of more than the senate does. when you say the action begins in the senate, that's because speaker boehner has declared that the house will not even vote on that compromised senate bill. that's a choice that he's made. he's said that he's not going to allow a vote to come up in the house unless half of the republican members support it, even though it might have support with the full majority in the house. in other words, i believe we could take up the bill that prevents the fiscal cliff and get it passed in the house. the only thing preventing us from doing that is that the speakers refuse to allow a vote on that. people need to understand that that plan would provide tax relief to 100% of american families on their first $250,000 of income and for folks above that level, they would be paying a little more on the amount of their income above $250,000. that was the bipartisan senate plan. we should have a vote on a plan like that here in the house. >>
KRON
Dec 26, 2012 7:00am PST
leaders to avoid the fiscal cliff. the hulls and senate has reconvened and they stated that without an agreement those increases will take dan. >> here is a look at wall street they are back at work this morning. the dow was up this morning but now they're back down by 22 points. >> in bay area >> . a san francisco woman will be in accord after an accident that killed a person and injured two others. this woman was killed when she was hit and police stated that the driver of this car was intoxicated. the victim's son stated that he does not one another person to go through this because someone was drinking and driving. >> there are consequences, my family, i had a perfect family and mother. not everything is gone for me. >> the driver of the car was arrested. she is only 23 years old. she faces felony counts including the hit killer manslaughter. >> a man shot in west oakland on christmas day has pushed the homicide rate up. 32 year-old was shot at 24 in chestnut street and his murder is the 127 homicide of the year. the last time this rose was in 2007 and know what has been arreste
ABC
Dec 28, 2012 5:00pm EST
stand by for an update coming from the white house on the fiscal cliff from president obama in 20 minutes, we're getting word that senate leaders have offered last-minute bipartisan talks in an effort to reach a deal. we expected her an update on that about 20 minutes. >> the nation is remembering the life of an american hero, retired general norman schwarzkopf has died. he is best known as one of>> tonight scott thuman looks back at his life. >> in 1990, norman schwarzkopf was a little-known u.s. army general looking towards retirement. the west point graduate and decorated officer for his service in vietnam he spent his entire career in the army. when a rack's dictator saddam hussein invaded neighboring kuwait "stormin' norman" became a household name. as the leader of the u.s.-led international coalition that quickly drove iraqi forces out of kuwait, schwarzkopf achieved rock star status. he returned from the persian gulf in national hero and was awarded the medal of freedom. >> he was a leader, and motivator. he got a lot of things done. he was an extremely compassionate man.
CNN
Dec 27, 2012 1:00pm PST
that i have not passed the resolution to pass the fiscal cliff but he's in error. we all know that in july of this year we passed in the senate the relief that would give -- that would give to middle class americans. that passed the senate. now, we know that republicans have buried themselves in procedural road blocks, everything we try to do around here. and now they are saying, well, we can't do the 250 because it wasn't blue-slipped, because it will be blue-slipped. mr. president, how does the american people react to that? there was a bill introduced by the ways and means committee in the house, sandy levin that called for this legislation. the speaker was going to bring it up to kill it but he kobt kill it and then we moved to plan b, the debacle of all debacles. it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among the republicans it was so absurd. he meaning the speaker. so it's very clear now, mr. president, that the speaker's number one goal is to get elected speaker on january 3rd. the house is not even
CNN
Dec 29, 2012 7:00am PST
to avoid the fiscal cliff. even if a deal is thrown together at the 11th hour, senate majority leader harry reid says what they come up with will be imperfect. and some people aren't going to like it. i spoke with independent new york stock exchange trader kenny polkari earlier and asked them how wall street is reacting to the looming fiscal cliff. >> we've come right to the 11th hour. the -- the fact that there's going to be a substantive deal that comes out of this in the 11th hour is probably nil to zero, right? essentially in my sense, it's easier to go over the cliff. then there's clarity, right? taxes will go up, spending will get cut. the market will know what is going to happen. it can only get better from there because then you'll get legislators that come to the table, that try to cut taxes and raise some spending, and they'll argue it from a positive point of view and stand up and say, rah-rah, look what we, did right? it won't get any worse if we go over the cliff. if there's a bandaid, it leaves complete confusion, there is no clarity, the market will probably react more negati
KICU
Dec 26, 2012 11:30pm PST
baristas are writing on the side of certain coffee cups. plus, the deadline looms for the fiscal cliff. why some insiders think a deal will >>> president obama and senate leaders tomorrow head back to washington to try to reach a last minute deal, before historic tax increases go into effect next week. why some believe we will head over the fiscal cliff before washington takes action. >> reporter: the halls of power empty, although negotiators and the president are back at work. >> at the very least, let's agree right now on what we already agree on. >> reporter: an olive branch to the gop, and carrot to corporate giants. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loopholes that helped google, for instance, avoid $2 billion in taxes last year. >> corporations are a little concerned. >> reporter: gary is optimistic about a deal. >> i'd still rate it better than 50/50. >> reporter: what seems increasingly likely is to allow the country to go over that fiscal cliff, triggering higher taxes. that would allow hard line repu
CNN
Dec 30, 2012 3:00pm PST
on something tonight, but we know that the senate will not vote on anything that to do with the fiscal cliff until tomorrow. one sign of how desperate it is, vice president joe biden has joined the talks, and speaking from his senate days, republican leader mitch mcconnell speaking, but what the gop wants, they won't get. both sides are still talking, even if they are not necessarily listening to each other. >> the republican leader has shown absolutely good faith, but it is that we are apart on big issues. >> i am willing to get it done, but i need a dance partner. >> both of the republicans and the democrats agree there need to be changes to the u.s. tax code, and that is one thorny issue to avoid going over the fiscal cliff. let's go to jean sahati who is a senior writer for cnnmoney.com, and probably the person most immersed in the my knew that -- minutia of all of the stuff going on and so you have political headlines of stuff going on like tax rates and there are back channels and people have been discussing this for a long time, and what is your take? >> a long time. >> and first of a
CNN
Dec 23, 2012 7:00pm PST
over the fiscal cliff? earlier i spoke with brianna keeler, i asked her what might happen as the holiday week rolls on? >> well, there's one sort of last ditch effort possibility here, don, and that is when the senate reconvenes on the 27th, it's possible that either they could try to pass something and sort of force it on the house or it's possible that they could take a bill that they've already passed back in july with the threshold of those tax hikes being at the $250,000 level. and that they could kind of say to the house, now the ball is in your court, you have to deal with this, it's still very much a possibility, don, that this doesn't work out, that we go over the fiscal cliff, and that was reflected today on the sunday shows from both democrats and republicans, take a listen. >> passing plan b the other night would not have changed the outcome, we're going to go over the cliff before, we're going to go over the cliff now. you cannot negotiate with someone that doesn't want to negotiate. >> in the aftermath of the house republicans rejecting speaker boehn boehner'
FOX
Dec 29, 2012 10:00pm EST
. >>> and now to a developing story affecting every american. the countdown to the fiscal cliff. last night, president obama dressed the -- addressed the nation following a productive and yet failed attempt to strike a deal. he used the weekly address to urge the senate to put together a basic package to protect americans from an income tax hike. >> we can't afford a politically self-inflicted wound to our economy. >> tomorrow is setting up to be a critical day. house members return and senate leaders are hoping they would be able to offer compromised plan. >>> they will have two days to strike a deal to avoid automatic tax hikes for everyone and also to avoid across-the-board spending cuts. audrey barns has more on that fiscal cliff countdown. >> reporter: lawmakers summoned to the white house for an emergency summit to try to hammer out a deal to avoid the fiscal cliff and describe the talks as productive. they didn't produce an agreement. from the senate floor, words of optimism from minority leader mitch mcconnell. >> we're engaged in discussions, the majority leader and myself and the
CNN
Dec 24, 2012 6:00am PST
on the fiscal cliff deadline on december 31st. retiring senator joe lieberman puts the potential failure in historic perspective. >> i feel it's more likely we will go over the cliff than not, and if we allow that to happen, it will be the most colossal, consequential act of congressional irresponsibility in a long time, maybe ever in american history. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to cut the military, which democrats have been calling for for years, and he gets to blame republicans for it. >> so, hey, merry christmas. our white house correspondent brianna keilar is traveling with the president in honolulu. brianna, are the white house and republicans even talking? >> reporter: no. they're not, carol. there's no substantive discussions going on between the white house and senate democrats and senate republicans and house republicans. and this is key because in order for the cliff
CNN
Dec 28, 2012 9:00am PST
-minute deal to avoid the so-called fiscal cliff, right? the president and the vice president, they're going to meet with house speaker john boehner, minority leader nancy pelosi, senate majority harry reid and minority leader mitch mcconnell. that is happening this afternoon. jessica yellin is there. jess, what do we know about the president's plan to get everybody in the same room? do we think there's going to be something that comes out of this? >> reporter: well, this is one of those cases where we really are going to have to wait and see, and all the parties involved are also going in with a big question mark. the idea is the expectation by many of the participants in the meeting is that they hope that they will be able to discuss more details about a scaled-down fiscal cliff plan. and maybe that could lead to some sort of agreement ideally for all parties in which all the senators say that they will not filibuster it, and it can go to a vote. and then speaker boehner could, in theory, agree to bring it to a vote on the house floor after the house comes back on sunday. and then we would
CNN
Dec 24, 2012 11:00am PST
from the fiscal cliff. are there any contacts occurring on this topic between the president and anyone in congress, briana? >> reporter: there is an open line of communication, i would say, with senate democrats, hala. but there is really no substantive conversations between the folks that you with need for there to be conversations between in order to strike a deal. the white house and congressional republicans, and perhaps more alarmingly, senate democrats are not in conversations right now with senate republicans or with house republicans. and this is problematic obviously because in order to avoid the fiscal cliff, you would need to find some sort of deal that would make it through the senate and the house and that would need democratic and republican support. now, all eyes on the senate because they will reconvene on the 27th, thursday. and senate majority leader harry reid, it is up to him, really, to cobble together something that can get some of that support. right now the white house is still supporting a threshold of $250,000 back to their initial starting point for tax rates
CNN
Dec 25, 2012 4:00am PST
in honolulu with friends. with the house hopelessly deadlocked any chance of averting the fiscal cliff will start in the senate and there's a bit of news on that front. our white house correspondent brianna keilar joins us live from honolulu, hawaii. so a slight bit of news. do tell. >> reporter: i hesitate to even say it's a slight bit of news because it's sort of exactly what we would expect, to be honest. the white house is talking about senate democrats about what senate majority leader harry reid will have to cobble together when the senate reconvenes on the 27th and that's really the last-ditch effort. it's seen as the senate trying to do something that can also pass the house, so this is exactly what you would expect. the real problem though is as of this morning, just a week out from when the fiscal cliff is expected to hit. there's no discussions between congressional democrats and congressional republicans even on the staff level. this is what democratic and republican sources are telling me, and overall just to remind people, instead of this being -- here's what we expect. i
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